Deals
Tesla Supplier Ganfeng Lithium Seeks $676 Million in Share Sale
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Ganfeng Lithium Co., China’s top producer of the metal used in electric-vehicle batteries, seeks as much as $676 million from a first-time share sale in Hong Kong.
The Jiangxi-based company is offering 200.2 million shares at HK$16.50 to HK$26.50 apiece, according to terms for the deal obtained by Bloomberg. The price range represents a 29 percent to 56 percent discount to Ganfeng Lithium’s Tuesday closing price in Shenzhen.